Egypt weeks away from upping its security of gas supply with another FSRU

Energos Infrastructure, a joint venture between the U.S. energy infrastructure player New Fortress Energy (NFE) and Apollo Global Management, has got hold of a multi-year deal for one of its floating storage and regasification units (FSRUs), which will be deployed at a liquefied natural gas (LNG) import terminal in Egypt.

The five-year charter will enable the 138,250-cubic-meter (cbm) FSRU Energos Winter to work for the Egyptian Natural Gas Holding Company (EGAS) at the LNG import terminal in Damietta, Egypt. The 2004-built unit will join the FSRU Energos Eskimo in the Middle Eastern country as early as August 2025.

Chris Guinta, CFO of New Fortress Energy, commented: “We are pleased to reinforce our relationship with EGAS by way of our deployment of a second FSRU to Egypt. This deal enhances NFE’s goals of providing reliable and cost-effective energy across the globe.”

This comes months after the FSRU Energos Power came to Egypt, as part of a set of four units EGAS booked to bolster energy security. To this end, the FSRU Energos Eskimo, slated to start operations this summer, will remain at Ain Sokhna for ten years.